Financial Review are calling it a Hail Mary, which in American football terminology is a very long forward pass, made in desperation, with time running out on the clock.
Russell registered Wodgina Resources Limited with ASIC on Aug 29 (roughly 2 weeks before David Riekie and Cherie Leeden abruptly left our company MTC without comment), presumably to be the vehicle which may be aiming to own a stake in this Mineral Resources mine with Chinese backing.
What this makes me wonder is has Russell registered a company anywhere recently with the name Cancet Resources Limited or anything like that, for his desire to sell down our stake in that and other lithium projects to persons unknown.
And why did our MD and TD depart so abruptly with such tight lips.
MTC Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
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